Plan5500

Loftware, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Loftware, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Loftware, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Loftware, Inc. under EIN 01-0439980 and plan number 001. The latest loaded filing year is 2023. The filing reports 238 participants and $22,148,918 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Loftware, Inc.
EIN
01-0439980
Plan number
001
Plan type
2
Location
Portsmouth, NH
Latest filing year
2023
Participants
238
End-of-year plan assets
$22,148,918

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023238H, C20250515155030NAL0029260528001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$22,148,918
Net assets (EOY)
$22,148,918
Net assets (BOY)
$14,348,113

Income & contributions

Employer contributions
$691,498
Participant contributions
$2,485,370
Total contributions
$3,347,399
Total income / additions
$6,308,396

Expenses & distributions

Benefits paid
$478,167
Administrative expenses
$75,066
Total expenses
$631,743
Net increase / (decrease)
$5,676,653

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$75,066$02023
Commonwealth Financial NetworkINVESTMENT ADVISORY$0$41,3772023
Nbt Bank, N.A.OTHER SERVICES$0$8,3522023

Related Form 5500 pages